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Jan 29 2021, 06:30 GMT
Building Materials
The Green Wave – a multi-year opportunity for the building products sector
- Sectors : Building Materials
- Companies : Kingspan Group | Holcim | CRH | Saint-Gobain Group
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| CRH | OUTPERFORM | 23/05/12 | Neutral | 12/01/12 | 4253c |
| Kingspan Group | OUTPERFORM | 12/05/11 | Neutral | 30/06/09 | 5720c |
| Holcim | OUTPERFORM | 20/04/20 | Neutral | 09/01/19 | 4870chf |
| Saint-Gobain Group | OUTPERFORM | 29/01/21 | Neutral | 02/11/20 | 4153c |
DAVY VIEW
The EU Commission last year launched a strategy to stimulate a significant acceleration in the renovation of Europe’s energy deficient buildings. Similar action now seems likely in the US given the new president’s climate ambitions. The intent is both commendable and logical given the wider target to reduce carbon emissions from buildings. There are obstacles, such as funding, so success cannot be assumed. However, we believe this investment (>€100bn per annum in Europe alone) and the US potential represent a decade-long opportunity for the products sector. We believe the winners will be those businesses that offer smart, energy efficient product solutions.
